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20121205
20121213
Search Results 0 to 12 of about 13 (some duplicates have been removed)
in london. >>> in washington all eyes on the fiscal cliff, now just 22 days away. with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support from auto workers. the president's meeting with speaker boehner didn't yield a big breakthrough, but the men did manage to agree on one thing, and that is that they will keep their negotiations behind closed doors. the men released this identical statement, saying this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign
. margaret brennan, thank you noor. >>> in washington this morning, just 26 days left before the fiscal cliff deadline. president obama spoke on the phone with house speaker john boehner on wednesday while his treasury secretary said the white house is, in fact, ready to go straight over the fiscal cliff. major garrett is at the white house. major, good morning. >> reporter: good morning, norah and charlie. later on this afternoon the president will travel across the potomac river to northern virginia to meet a middle-class family to make the self-evident point if the there is a deal and taxes are raised by about $2,000 they'll be happier and spend more money. that's the p.r. side of this. much more importantly, for the deal, the two key players yesterday picked up the phone. the phone call relatively brief and substantive, though details remain illusive. shorter, sources say. the last week 28-minute conversation described then as curt, direct and frank. no one with this call used such barbed words and occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >
to go straight over the fiscal cliff. major garrett is at the white house. major, good morning. >> reporter: good morning, norah and charlie. later on this afternoon the president will travel across the potomac river to northern virginia to meet a middle-class family to make the self-evident point if the there is a deal and taxes are raised by about $2,000 they'll be happier and spend more money. that's the p.r. side of this. much more importantly, for the deal, the two key players yesterday picked up the phone. the phone call relatively brief and substantive, though details remain illusive. shorter, sources say. the last week 28-minute conversation described then as curt direct and frank. no one with this call used such barbed words and occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> if the administration, are they prepared to go over the fiscal cliff? >> absolutely. no prospect or agreement that doesn't involve those rates going on on the top 2%. remember, only 2%. >> reporter: that danger? not enough to keep co
this morning after closing higher yesterday. gains were limited because of fiscal cliff concerns with no major progress out of washington. >> we're going to get the november jobs report at 8:30 a.m. eastern this morning. a survey forecasts 8% unemployment. that would be ticking up. 77,000 jobs added. a lot slower growth we have seen for much of this year. october 171,000 jobs were added then. it's likely hurricane sandy affected these numbers. they studied after hurricane katrina and the numbers were revise revised because it was too difficult for them to collect the data during and after the storm. in today's report we'll be watching four sectors. manufacturing, retail, leisure and hospitally and temporary help industries. mark sandy said aside from the storm, the job market turned in a good performance during the month. this is impressive given by the uncertainty of the presidential election. businesses are holding firm in their hiring and firing decisions. another unusual factor in the numbers, the layoffs and strikes at hostess. those could also affect the numbers. hostess filed for bankru
yesterday but gains were limited because of fiscal cliff concerns. >> we'll be hearing that until it's fixed. the november jobs report is released at 8:30 a.m. eastern today. economists forecast 8% unemployment, ticking up from 7.9% in october. 77,000 jobs added which is a lot slower growth than was anticipated. you have to go back to the summer to see growth that small. it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the hurricane effe effects on jobs. it was difficult for the labor department to collect data during and after that storm. in today's report, we'll watch four sectors hardest hit by the storm, manufacturing, retail, leisure and hospitality and temporary help industries. mark sandy said aside from the storm the job market turned in a good performance for the month. this simpreis impressive given uncertainty created by the presidential election and the fast-approaching fiscal cliff. except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >
to go straight over the fiscal cliff. major garrett is at the white house. major, gd morning. >> reporter: good morning, charlie and norah. the president will cross over the potomac into northern virginia to meet with a family who says their taxes don't go up, they'll be happier and spend more money. that's the pr side of this. much more important, the context of the deal, keet players yesterday picked up the phone. phone call relatively brief and substantive. details remain elusive. it was shorter, sources say, to last week's 28-minute conversation described them as curt, direct and frank. no one familiar with this call used such barbed words. it also occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember, it's only 2%. >> reporter: that danger not enough to keep congress in session. it's already quit for
your business this morning, markets in a holding pattern as fiscal cliff talks continue in washington. but the s&p 500 is up 12% so far this year. and a 20-year veteran investment strategy at goldman sachs, abby joseph cohen, she estimates stocks could rise another 10% to 15% next year. she says the fundamentals of the u.s. are solid, despite the fiscal cliff concerns coming out of washington. she says stocks could get hit in the early part of the area if we go over the fiscal cliff, but the fundamentals of the economy are still good. >>> all right. apple stock dropped more than 6% yesterday. shares were down about half a percent in pre-market trading this morning. no concrete news pushing them down, but today there's another hearing in the patent case with samsung in california. and a tech research report generatored a lot of buzz that apple's tablet competitors could eat into its market share. >> interesting. >> thanks, christine. >>> well, the good news is, let's do the fiscal cliff and the good news. and it's not very much. but at least the two sides are talking, by phone. not fac
the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the government calls people up and they say i'm not working or i've dropped out of the labor market or whatever, you can see just how big the labor market is. we know that there are some, i think, 300,000 some people who have dropped out of the labor market. they've either dropped out. they could be retiring or they could drop out because they're a two income household and now they're a one income household. they are not going to look anymore, decided maybe they'll look next year. you can ge
as the fiscliff >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good hump day, everybody. wednesday morning. i'm rob nelson. >> and i'm paula faris. >>> we're going to update you on the big fiscal fight in our top story from washington. and from one capital to another, the political uproar in egypt. how cairo police are taking action as thousand of protesters hit streets in outrage. an all-too-familiar scene. >> most protesters say it seems like they traded one dictator for another. >> for another. >>> hard to believe it is. they're part of a growing group of so-called preppers getting ready, as you can see, for the very, very worst. normal everyday folks getting ready for the end of time. >> completely normal. wow. >>> later this half hour, the upcoming movie from "lord of the rings" series and why some f
of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is your commute to school now? >> it feels like two hours. >> reporter: what did it used to be? >> 15 minutes. >> reporter: wow. 6:30 a.m. and at the door. a long car ride. >> have a good day. >> a bus to the temporary school. ps-13. >> unreal now how much life has changed. trying to make the best of it. >> reporter: he's an eighth grade
Search Results 0 to 12 of about 13 (some duplicates have been removed)